United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-03-01 monographic deposited born digital 118 p. GA 1.13:GAO-01-394 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-394 P0b002ee18039f373 f:d01394 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-01-394 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-394 GAO-01-394 Auditing standards Reporting requirements Financial management Internal controls Financial statement audits Noncompliance Other Written Product

The Internal Revenue Service's (IRS) fiscal year 2000 financial statements, including the accompanying notes, present fairly, in all material respects, in conformity with U.S. generally accepted accounting principles, IRS' assets, liabilities, net position, net costs, changes in net position, budgetary resources, reconciliation of net costs to budgetary obligations, and custodial activity, as of and for the fiscal year ended September 30, 2000. However, misstatements may nevertheless occur in other financial information reported by the IRS as a result of internal control weaknesses. Because of material weaknesses in internal controls, IRS did not maintain effective internal controls over financial reporting or compliance with laws and regulations, and thus did not provide reasonable assurance that losses, misstatements, and noncompliance with laws material in relation to the financial statements would be prevented or detected in an ongoing manner and on a timely basis. GAO's tests of compliance with selected provisions of laws and regulations disclosed two instances of noncompliance with laws and regulations that are reportable under U.S. generally accepted government auditing standards or Office of Management and Budget guidance. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-394/html/GAOREPORTS-GAO-01-394.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-394/pdf/GAOREPORTS-GAO-01-394.pdf GAO-01-394 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-394 Other Written Product GAO-01-394; Financial Audit: IRS' Fiscal Year 2000 Financial; Auditing standards Reporting requirements Financial management Internal controls Financial statement audits Noncompliance Title 26 Section 6611 26 U.S.C. 6611